BNY Mellon loses global head of FX options

Sam Osterman joined in January 2018 and ran the newly launched FX options business

Exit: a permanent replacement for Sam Osterman has not been appointed yet

Sam Osterman, global head of foreign exchange options at Bank of New York Mellon, has left the bank, FX Week has learned.

It is also understood that a permanent replacement for Osterman has not yet been appointed.

Osterman joined BNY Mellon in January 2018, after previously serving as global head of flow options at Barclays.

BNY Mellon declined to comment on his departure.

The bank launched FX options trading in June 2018, so clients could better hedge their currency exposures and take a

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